Sensex surges 231 pts, Nifty above 8,600 on fund inflows

Mumbai : Market benchmark Sensex rallied over 231 points to 27,945.40 and its counterpart NSE Nifty regained the 8,600-mark in early session today on a fresh spell of buying in select blue-chips by investors amid sustained foreign fund inflows.

Besides, a firming trend in rest of Asia after the Bank of England announced a interest rate cut and fresh stimulus package to counter the fallout from Britain’s vote to quit the European Union also lifted sentiment here, brokers said.

The 30-share index was trading up 231.03 points, or 0.83 per cent, at 27,945.40, with all sectoral indices led by metal, banking, auto, PSU and power staying in the green, rising by up to 1.25 per cent.

The gauge had gained 16.86 points in the previous volatile session.

The NSE Nifty-50 index was trading higher by 78.15 points, or 0.91 per cent, at 8,629.25.